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15 May 2024
| Name: | VIP GLOVES LTD (VIP) | |||||||||||||||
| ISIN: | AU000000VIP0 | |||||||||||||||
| Date of Listing: | 05 February 1997 | |||||||||||||||
| Former Names: |
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Stock Exchange Status: (updated daily)
This entity is currently suspended from quotation on the Australian Securities Exchange and its securities cannot be traded on-market.Legal Status: (updated monthly)
ACN: 057 884 876ABN: 83 057 884 876
Registration Date: 26 October 1992
Capital Gains Tax (CGT) Status: (updated at least quarterly)
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| VIP GLOVES LTD | 14/12/2018 | |
| VOLTAGE IP LIMITED | 18/01/2006 | 14/12/2018 |
| SECURIX CORPORATION LIMITED | 24/12/2004 | 18/01/2006 |
| EGLOBAL INTERNATIONAL LIMITED | 26/02/2001 | 24/12/2004 |
| COMS21 LIMITED | 26/02/2001 |
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
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The company has signed a Sale and Purchase Agreement with Target Precast Industries Sdn Bhd for the disposal of a vacant 13,203 sqm land. The total cash consideration is MYR7,952,313. The disposal will provide significant working capital for the group to meet its financial obligations. KLE will receive a 5% of the total disposal price, 7% of the initial price, and a 3% retention sum from the purchaser's solicitor. The remaining 90% will be paid within three months after obtaining all necessary consents. The deal is expected to be completed in the fourth quarter of 2024, unless unforeseen circumstances arise. KLE has previously entered into a transaction with the same purchaser in March 2023, but the deal was delayed due to unresolved internal issues. Both vendors and purchasers are committed to working closely to ensure a seamless transaction. | 06/05/2024 |
The company lodges its Half Yearly Report and Accounts. | 29/02/2024 |
The Court of Appeal of Malaysia has allowed the appeal by ACE Solutions Investments Ltd and set aside an earlier High Court order dated 25th October 2021 in allowing the Company's striking out application. VIP was named in a Writ of Summons, served in Malaysia by ACE, the Plaintiff, alleging that the Company had denied the Plaintiff the right to receive a placement of 74.5 million shares in the Company at a price of A$0.04 per share on the basis of wrongful and unlawful breach of a purported agreement between the Plaintiff and Company representatives. The VIP board strenuously denies the claims and considers the claim frivolous, vexatious, oppressive, and an obvious abuse of Court process. With this order by the Court of Appeal, the case is now be reverted to the High Court. | 31/01/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 01/08/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 28/04/2023 |
The Company's two wholly owned Malaysian subsidiaries have executed a sale and purchase agreement for the sale of the vacant land adjoining the existing factory site to Target Precast Industries Sdn Bhd (an unrelated Malaysian company) for MYR 7,952,313 (AU$2.65 million). The sale of land and buildings will provide a significant cash injection for the Company, with funds used to eliminate financial borrowings and provide ongoing working capital. | 21/03/2023 |
The company releases a notification of cessation of securities. | 06/03/2023 |
Notwithstanding that the transaction has been announced today, VIP's securities will continue to remain suspended, pending VIP's appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001 (Cth) | 13/02/2023 |
Through the Company's two wholly owned Malaysian subsidiaries they have executed a sale agreement for the sale of land and buildings to Intergrasi Sdn Berhad; and simultaneously executed a tenancy agreement with Intergrasi (Leaseback). The Leaseback will commence immediately upon receipt of the second tranche payment for sale of the land and buildings. The transactions comprise the following: the sale of land and buildings for Malaysian Ringgit (MYR) 17 million (approximately A$5.61 million); and the Leaseback by VIP of the land and buildings. The sale of land and buildings will provide a significant cash injection for the Company, with funds used to eliminate financial borrowings and provide ongoing working capital. | 13/02/2023 |
The securities of VIP Gloves Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VIP, pending the release of an announcement regarding a proposed transaction. | 07/02/2023 |
The suspension of trading in the securities of VIP Gloves Ltd will be lifted immediately following the release by VIP of an announcement regarding the appointment of an Australian resident director. | 17/01/2022 |
The company releases a notification of cessation of securities. | 31/12/2021 |
The company releases a notification regarding unquoted securities. | 30/12/2021 |
The company releases a notification of cessation of securities. | 30/12/2021 |
The company releases a notice of application for quotation of securities. | 30/12/2021 |
The company releases the results of its meeting. | 29/11/2021 |
The company releases its AGM Presentation to Shareholders. | 29/11/2021 |
ACE Solutions Investments has lodged an appeal against the High Court decision in allowing the Company's striking out application on 25 October 2021. The VIP board continues to deny the claims made by ACE and deems they have no merit, are frivolous, vexatious and oppressive; and via its appointed legal representatives Yap Siew Yee & Co will defend against the Plaintiff's appeal. | 29/11/2021 |
Folllowing the resignation of Mr David Low as a director, resolution 2 on the Notice of Annual General Meeting dated 20 October 2021 is withdrawn as Mr Low will not be seeking re-election as a director. | 29/11/2021 |
The securities of VIP Gloves Limited will be suspended from quotation immediately under Listing Rule 17.2 at the request of VIP, pending VIP's appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001 (Cth). | 24/11/2021 |
The securities of VIP Gloves Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 5 October 2020 following lodgement of its audited accounts for the year ended 30 June 2020. | 05/10/2020 |
The company releases an Appendix 4G and Corporate Governance Statement 2020. | 02/10/2020 |
The company lodges its FY20 Full Year Statutory Accounts. | 02/10/2020 |
The securities of VIP Gloves Ltd will be suspended from Official Quotation immediately under Listing Rule 17.5 following its failure to lodge audited accounts for the year ended 30 June 2020 by the due date. VIP lodged its Appendix 4E on 31 August 2020 without satisfying the conditions for the ASX class waiver issued on 16 June 2020, "˜Extended Reporting and Lodgment Deadlines'. | 01/10/2020 |
The securities of VIP Gloves Ltd will be reinstated to Official Quotation as from the commencement of trading on Tuesday, 29 October 2019 following lodgement of its Statutory Accounts for the year ended 30 June 2019. | 28/10/2019 |
The company releases its App4G and Corporate Governance Statement. | 28/10/2019 |
The company lodges its Full Year Statutory Accounts. | 28/10/2019 |
The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date. | 01/10/2019 |
The securities of VIP Gloves Ltd will be reinstated to Official Quotation immediately following lodgement of its Half Year Financial Report for the year(s) ended 31 December 2018. | 28/05/2019 |
The company lodges its Half Yearly Report and Accounts. | 28/05/2019 |
name changed from Voltage IP Limited | 14/12/2018 |
The company has signed a Sale and Purchase Agreement with Target Precast Industries Sdn Bhd for the disposal of a vacant 13,203 sqm land. The total cash consideration is MYR7,952,313. The disposal will provide significant working capital for the group to meet its financial obligations. KLE will receive a 5% of the total disposal price, 7% of the initial price, and a 3% retention sum from the purchaser's solicitor. The remaining 90% will be paid within three months after obtaining all necessary consents. The deal is expected to be completed in the fourth quarter of 2024, unless unforeseen circumstances arise. KLE has previously entered into a transaction with the same purchaser in March 2023, but the deal was delayed due to unresolved internal issues. Both vendors and purchasers are committed to working closely to ensure a seamless transaction. | 06/05/2024 |
The company lodges its Half Yearly Report and Accounts. | 29/02/2024 |
The Court of Appeal of Malaysia has allowed the appeal by ACE Solutions Investments Ltd and set aside an earlier High Court order dated 25th October 2021 in allowing the Company's striking out application. VIP was named in a Writ of Summons, served in Malaysia by ACE, the Plaintiff, alleging that the Company had denied the Plaintiff the right to receive a placement of 74.5 million shares in the Company at a price of A$0.04 per share on the basis of wrongful and unlawful breach of a purported agreement between the Plaintiff and Company representatives. The VIP board strenuously denies the claims and considers the claim frivolous, vexatious, oppressive, and an obvious abuse of Court process. With this order by the Court of Appeal, the case is now be reverted to the High Court. | 31/01/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 01/08/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 28/04/2023 |
The Company's two wholly owned Malaysian subsidiaries have executed a sale and purchase agreement for the sale of the vacant land adjoining the existing factory site to Target Precast Industries Sdn Bhd (an unrelated Malaysian company) for MYR 7,952,313 (AU$2.65 million). The sale of land and buildings will provide a significant cash injection for the Company, with funds used to eliminate financial borrowings and provide ongoing working capital. | 21/03/2023 |
The company releases a notification of cessation of securities. | 06/03/2023 |
Notwithstanding that the transaction has been announced today, VIP's securities will continue to remain suspended, pending VIP's appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001 (Cth) | 13/02/2023 |
Through the Company's two wholly owned Malaysian subsidiaries they have executed a sale agreement for the sale of land and buildings to Intergrasi Sdn Berhad; and simultaneously executed a tenancy agreement with Intergrasi (Leaseback). The Leaseback will commence immediately upon receipt of the second tranche payment for sale of the land and buildings. The transactions comprise the following: the sale of land and buildings for Malaysian Ringgit (MYR) 17 million (approximately A$5.61 million); and the Leaseback by VIP of the land and buildings. The sale of land and buildings will provide a significant cash injection for the Company, with funds used to eliminate financial borrowings and provide ongoing working capital. | 13/02/2023 |
The securities of VIP Gloves Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VIP, pending the release of an announcement regarding a proposed transaction. | 07/02/2023 |
The suspension of trading in the securities of VIP Gloves Ltd will be lifted immediately following the release by VIP of an announcement regarding the appointment of an Australian resident director. | 17/01/2022 |
The company releases a notification of cessation of securities. | 31/12/2021 |
The company releases a notification regarding unquoted securities. | 30/12/2021 |
The company releases a notification of cessation of securities. | 30/12/2021 |
The company releases a notice of application for quotation of securities. | 30/12/2021 |
The company releases the results of its meeting. | 29/11/2021 |
The company releases its AGM Presentation to Shareholders. | 29/11/2021 |
ACE Solutions Investments has lodged an appeal against the High Court decision in allowing the Company's striking out application on 25 October 2021. The VIP board continues to deny the claims made by ACE and deems they have no merit, are frivolous, vexatious and oppressive; and via its appointed legal representatives Yap Siew Yee & Co will defend against the Plaintiff's appeal. | 29/11/2021 |
Folllowing the resignation of Mr David Low as a director, resolution 2 on the Notice of Annual General Meeting dated 20 October 2021 is withdrawn as Mr Low will not be seeking re-election as a director. | 29/11/2021 |
The securities of VIP Gloves Limited will be suspended from quotation immediately under Listing Rule 17.2 at the request of VIP, pending VIP's appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001 (Cth). | 24/11/2021 |
The securities of VIP Gloves Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 5 October 2020 following lodgement of its audited accounts for the year ended 30 June 2020. | 05/10/2020 |
The company releases an Appendix 4G and Corporate Governance Statement 2020. | 02/10/2020 |
The company lodges its FY20 Full Year Statutory Accounts. | 02/10/2020 |
The securities of VIP Gloves Ltd will be suspended from Official Quotation immediately under Listing Rule 17.5 following its failure to lodge audited accounts for the year ended 30 June 2020 by the due date. VIP lodged its Appendix 4E on 31 August 2020 without satisfying the conditions for the ASX class waiver issued on 16 June 2020, "˜Extended Reporting and Lodgment Deadlines'. | 01/10/2020 |
The securities of VIP Gloves Ltd will be reinstated to Official Quotation as from the commencement of trading on Tuesday, 29 October 2019 following lodgement of its Statutory Accounts for the year ended 30 June 2019. | 28/10/2019 |
The company releases its App4G and Corporate Governance Statement. | 28/10/2019 |
The company lodges its Full Year Statutory Accounts. | 28/10/2019 |
The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date. | 01/10/2019 |
The securities of VIP Gloves Ltd will be reinstated to Official Quotation immediately following lodgement of its Half Year Financial Report for the year(s) ended 31 December 2018. | 28/05/2019 |
The company lodges its Half Yearly Report and Accounts. | 28/05/2019 |
name changed from Voltage IP Limited | 14/12/2018 |
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Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 15/12/2020 | David Chee Cheong Low | 80,000 | $0.075 | $6,000 |
| 15/12/2020 | Peter Ng | 48,600 | $0.072 | $3,499 |
| 11/09/2020 | David Chee Cheong Low | 180,000 | $0.079 | $14,300 |
| 07/12/2017 | Joe Wong | 4,826 | $0.045 | $217 |
| 28/11/2017 | Joe Wong | 5,174 | $0.045 | $233 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Hui Zhou | Independent Director | 01/08/2023 |
| Alfonso Chu | Independent Director | 01/08/2023 |
| Gang Zhou | Independent Director | 01/08/2023 |
| Jimmy Yang | Executive Director | 27/11/2017 |
| Kay Chen | Executive Director | 10/06/2021 |
| Mark Maine | Company Secretary |
Date of first appointment, title may have changed.
SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Joe Wong | Non Exec Director | 27/11/2017 | 19/02/2024 |
| Sebastian Chang | Non Exec Director | 08/08/2019 | 01/04/2023 |
| Joanne King | Independent Director | 17/01/2022 | 20/02/2023 |
| Peter Ng | Independent Commissioner | 24/10/2019 | 13/02/2023 |
| David Chee Cheong Low | Independent Director | 08/10/2019 | 23/11/2021 |
| Wee Min Chen | Non Exec Director | 24/08/2018 | 17/05/2021 |
| Michael Higginson | Non Exec Director | 27/10/2017 | 05/06/2020 |
| Wayne Johnson | Non Exec Director | 27/10/2017 | 30/09/2019 |
| Kah Ling Chang | Chairman | 22/09/2017 | 22/10/2018 |
| Wee Chen | Chairman | 28/01/2016 | 09/11/2017 |
| Frank Licciardello | Chairman | 18/11/2015 | 27/10/2017 |
| Lee Mitchell | Non Exec Director | 31/01/2017 | 27/10/2017 |
| Ai Chong | Director | 28/01/2016 | 28/08/2017 |
| Craig Sanford | Director | 28/01/2016 | 31/01/2017 |
| Chin How | Non Exec Director | 13/05/2009 | 28/01/2016 |
| Henry Choo | Non Exec Director | 05/12/2013 | 28/01/2016 |
| Pok Kong | Non Exec Chairman | 22/10/2009 | 18/11/2015 |
| Kit Chye | Non Exec Director | 13/05/2009 | 05/09/2012 |
| Don Patterson | Non Exec Director | 05/10/2011 | 13/07/2012 |
Date of first appointment, title may have changed.
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